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Raeside Chisholm Solicitors Blog

Blog and latest news from our solicitors based in Glasgow, Scotland. Call us to find out how we can help you.

Scotland’s property market adapts to social distancing measures

Despite the uncertainty and the new restrictions on daily life imposed by the UK Government, several buyers still want to make property purchases.  We are still finding cases of buyers paying in excess of the Home Report valuation for a house or flat and many properties are still going to closing dates. This shows that buyers are still keen to secure property purchases, despite the Coronavirus pandemic.  If you want to go ahead with either a purchase or sale, our conveyancing team are pleased to be available to assist you and are able to deal with all matters remotely at this time.

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Deal agreed to unblock Scottish house sale transactions

The Law society of Scotland has agreed temporary measures with mortgage lenders that should unbock house sale transactions which are close to completion. Many transactions were put on hold after the Registers of Scotland closed their official register for new documents because of staff health risks due to the Coronavirus. It is great news that a technical legal fix has now been agreed, which means that most major lenders are able to release mortgage funds.

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In Spite of Coronavirus, It may be a Good Time to be Buying and Selling Property in Scotland

In response to the current outbreak of coronavirus (COVID-19), a lot of people are asking whether it is still a good time to be buying and selling or whether they should wait until the coronavirus (COVID-19) outbreak has passed.

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985 Hits

Scottish homes are selling 28% quicker than the rest of the UK

Residential properties in Scotland are taking an average of 12.57 weeks to sell compared to 16.11 weeks in England and Wales – representing a 28.16 per cent difference, recent figures reveal.

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Half of Scotland's house purchases are made by first-time buyers

There has been a 56 per cent rise in first-time buyers (FTBs) in the last decade, from 22,100 in 2008 to a total of 34,519 last year, according to the latest Bank of Scotland First-Time Buyer Review.

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Latest News

22 July 2021
Estate Agency
Recent research has revealed that house prices in the Scottish countryside have risen at the fastest rate since before the 2008 banking crisis. This analysis has found that there was a 5.5% increase in the three months to June, which the largest quar...
15 July 2021
Estate Agency
Average house prices in Scotland increased by 5.4% between April and May 2021, reversing a 4.1% fall in the previous month, according to provisional statistics from the UK house price index released by Registers of Scotland. The overall average figur...
24 May 2021
Estate Agency
The news from the Registers and all property professionals is that house prices in Scotland are rising at the fastest pace for 14 years! Although Spring is usually a busy period in the housing market, the number of transactions in Scotland is sharply...
16 April 2021
Estate Agency
Recent research has shown that economic uncertainty caused by the Corona Virus has led to more people investing in property. Data shows that property investors bought twice as many homes in the first quarter of 2021 as they did during the same stage ...
23 March 2021
Estate Agency
Previously many Estate Agents had indicated that in their view house price growth would remain flat this year, as the economy floundered after the successive Covid lockdowns and the end of furlough. With great news for house sellers, they are now rec...
18 March 2021
Estate Agency
After closing to new applications in October 2020, the First Home Fund is reopening and will be available for purchases from 1 April 2021 and completed before 31 March 2022. This article will look closely at how the scheme works, the eligibility requ...

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